UETW.DE vs. AW1P.DE

Last updated Jun 5, 2026

UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and AW1P.DE (UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc) are both Global Equities funds from UBS - UETW.DE tracks the MSCI World while AW1P.DE tracks the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, UETW.DE returned 17.68%/yr vs 17.31%/yr for AW1P.DE. Their correlation of 0.91 suggests significant overlap in exposure. UETW.DE charges 0.10%/yr vs 0.25%/yr for AW1P.DE.

Performance

UETW.DE vs. AW1P.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) and UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc (AW1P.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UETW.DE achieves a 10.95% return, which is significantly lower than AW1P.DE's 14.91% return.

UETW.DE

• 1D: -0.01%
• 1M: 3.72%
• YTD: 10.95%
• 6M: 10.99%
• 1Y: 23.94%
• 3Y*: 17.68%
• 5Y*: 12.87%
• 10Y*: —

AW1P.DE

• 1D: -0.83%
• 1M: 4.47%
• YTD: 14.91%
• 6M: 14.81%
• 1Y: 26.28%
• 3Y*: 17.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UETW.DE vs. AW1P.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	10.95%	8.06%	26.50%	19.68%	-3.71%
AW1P.DE UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc	14.91%	3.61%	25.39%	22.76%	-14.89%

Correlation

The correlation between UETW.DE and AW1P.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.91

The correlation between UETW.DE and AW1P.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

UETW.DE vs. AW1P.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UETW.DE

UETW.DE Risk / Return Rank: 71
UETW.DE Sharpe Ratio Rank: 66
UETW.DE Sortino Ratio Rank: 67
UETW.DE Omega Ratio Rank: 69
UETW.DE Calmar Ratio Rank: 74
UETW.DE Martin Ratio Rank: 77

AW1P.DE

AW1P.DE Risk / Return Rank: 59
AW1P.DE Sharpe Ratio Rank: 55
AW1P.DE Sortino Ratio Rank: 56
AW1P.DE Omega Ratio Rank: 54
AW1P.DE Calmar Ratio Rank: 65
AW1P.DE Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UETW.DE vs. AW1P.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) and UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc (AW1P.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UETW.DE	AW1P.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.85	+0.32
Sortino ratio: Return per unit of downside risk	3.02	2.63	+0.40
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	3.67	3.17	+0.50
Martin ratio: Return relative to average drawdown	14.61	11.65	+2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UETW.DE vs. AW1P.DE - Sharpe Ratio Comparison

The current UETW.DE Sharpe Ratio is 2.17, which is comparable to the AW1P.DE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of UETW.DE and AW1P.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UETW.DE	AW1P.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.85	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.69	+0.16

Drawdowns

UETW.DE vs. AW1P.DE - Drawdown Comparison

The maximum UETW.DE drawdown since its inception was -33.72%, which is greater than AW1P.DE's maximum drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for UETW.DE and AW1P.DE.

Drawdown Indicators

	UETW.DE	AW1P.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.72%	-23.64%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-8.07%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-21.30%	-23.64%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	—	—
Current Drawdown Current decline from peak	-0.30%	-0.83%	+0.53%
Average Drawdown Average peak-to-trough decline	-4.63%	-5.35%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.20%	-0.57%

Volatility

UETW.DE vs. AW1P.DE - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.60%, while UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc (AW1P.DE) has a volatility of 4.21%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky than AW1P.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UETW.DE	AW1P.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	4.21%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	10.23%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	13.86%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	15.73%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	15.73%	+0.38%

UETW.DE vs. AW1P.DE - Expense Ratio Comparison

UETW.DE has a 0.10% expense ratio, which is lower than AW1P.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UETW.DE vs. AW1P.DE - Dividend Comparison

Neither UETW.DE nor AW1P.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UETW.DE and AW1P.DE in my portfolio?

With a correlation of 0.91, UETW.DE and AW1P.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UETW.DE or AW1P.DE?

On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UETW.DE or AW1P.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for AW1P.DE.

What is the main difference between UETW.DE and AW1P.DE?

UETW.DE tracks MSCI World, while AW1P.DE tracks MSCI ACWI SRI Low Carbon Select 5% Issuer Capped. Their fees differ too: 0.10% for UETW.DE and 0.25% for AW1P.DE.